Tacoma 8-Unit. Exclusive Multifamily Offering $1,250,000-8 Unit South 8th Street & South G Street, Tacoma, WA FOR SALE

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1 FOR SALE Exclusive Multifamily Offering $,50,000-8 Unit

2 Investment Overview PARCEL NUMBER PRICE $,50,000 NUMBER OF UNITS 8 YEAR CONSTRUCTED 90 NUMBER OF FLOORS NUMBER OF BUILDINGS ROOF Comp shingle CONSTRUCTION TYPE Wood frame EXTERIOR FINISH Wood LAND AREA 6,500 SF APPROX. NET RENTABLE SF 7,834 SF AVERAGE UNIT SIZE 850 SF UTILITIES Owner paid WINDOWS Vinyl HEATING Gas heated radiant tsipila@ akelley@

3 PROPERTY OVERVIEW STADIUM HS PORT OF TACOMA This unique investment opportunity sits in Tacoma s desirable Wright Park neighborhood. Two separate 4plex s on the corner of 8th and G street. Units consist of and bedrooms between 775 and 95 SF. Owner pays all utilities WRIGHT PARK The Tacoma 8-Unit comes with a full basement, lockable room for storage and coin operated washers and dryers. Extremely low vacancy history and strong tenants due to excellent renter market location. Upside available by raising rents to market and billing back for utilities. S 6th St TACOMA 8-UNIT Unit Mix - Rent Summary SOUTH 8TH STREET S G St TYPE # OF UNITS AVG SF AVG RENT S 9th St PIERCE COUNTY COURT HOUSE X 4 85 $85 S Fawcett Ave SOUTH G STREET TYPE # OF UNITS AVG SF AVG RENT Tacoma Ave S X 85 $,000 X 95 $900 tsipila@ akelley@

4 Pricing & Financial CURRENT PROFORMA Total Monthly Rental Income* $6,868 Total Monthly Rental Income* $0,00 Total Annual Income $8,46 Total Annual Income $,400 Credit & Vacancy (5%) ($4,0) Credit & Vacancy (5%) ($6,0) Other Income (Budget) $,600 Other Income (Budget) $,600 Effective Annual Income 79,896 Utility Bill-Back $5,406 Effective Annual Income $33,86 Annual Operating Expense Annual Operating Expense Real Estate Taxes $0,46 Real Estate Taxes $0,46 Insurance $4,968 Insurance $4,968 Utilities $9,60 Utilities $9,60 Professional Management (5%) $3,994 Professional Management (5%) $4,8 Maintenance & Repair $5,600 Maintenance & Repair $5,600 Reserves $,000 Reserves $,000 Total Annual Expenses $46,38 Total Annual Expenses $47,055 Annual Net Income $33,658 Annual Net Income $86,3 Price $,50,000 *Based on current rents *Based on market rents

5 Rent Comparables SUBJECT TACOMA 8-UNIT South 8th Street, Tacoma No. of Units 4 Avg. Asking Rent $85 Avg. SF x South G Street, Tacoma No. of Units 4 Avg. Asking Rent $,000 Avg. SF x 85 Avg. Asking Rent $900 Avg. SF x 95 NEW ORLEANS APARTMENTS N G Street, Tacoma Commencement Bay No. of Units 3 Avg. Asking Rent $995 Avg. SF Studio 500 Avg. Asking Rent $,095 Avg. SF X 65 Avg. Asking Rent $,55 Avg. SF X,50 SUBJECT SOVEREIGN APARTMENTS 86 South 8th Street, Tacoma No. of Units 6 Avg. Asking Rent $,00 Avg. SF x 975 Comments: Tenants billed $0 per month for water, sewer and refuse N tsipila@ akelley@

6 Sale Comparables LENNICK COURT APARTMENTS 575 North 30th Street, Tacoma, WA No. of Units 5 Avg. Unit Square Feet 653 SF Year Built 969 Sale Price $,697,00 Price/Unit $3,40 Cap Rate 4.6% Commencement Bay SCOTT S LANDING 50 North J Street, Tacoma, WA No. of Units 6 Avg. Unit Square Feet 747 SF Year Built 976 Sale Price $,009,000 Price/Unit $5,56 Cap Rate 5.3% SUBJECT 3 3 VICTORIAN MANOR APARTMENTS South I Street, Tacoma, WA No. of Units Avg. Unit Square Feet Year Built 954 Undisclosed Sale Price $,35,000 Price/Unit $0,46 Cap Rate Undisclosed N tsipila@ akelley@